Integrating Financial Technology Innovation Into Regulatory Frameworks

Executive Order 14405 modernizes the federal regulatory framework to accelerate financial technology (fintech) innovation while maintaining financial stability and consumer protections. The order directs federal financial regulators to review existing regulations, guidance, and supervisory practices to reduce barriers for fintech firms, encourage partnerships with banks and credit unions, and streamline licensing and charter processes. It also requests the Federal Reserve evaluate expanding access to payment accounts and services for qualified fintech firms and digital asset companies, promoting innovation, competition, and broader access to financial services across the United States.